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New IBOR Fallbacks Take Effect for Derivatives

im-report New IBOR Fallbacks Take Effect for Derivatives Debbie A. Klis · March 1, 2021

New fallbacks for derivatives linked to key interbank offered rates (IBORs) have come into effect ensuring a viable safety net is in place in the event an IBOR becomes permanently unavailable while firms continue to have exposure to that rate. The fallbacks, published by the International Swaps and Derivatives Association, Inc. (ISDA), will be incorporated…

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